Revenue increased 10.6% and was third consecutive quarter icreasing and also higher than preceding year corresponding quarter 19.4%, eps increased 1.1% and was third consecutive quarter increasing and also higher than preceding year corresponding quarter 7.5%, cash generated from operating more than enough to cover all expenses, operating margin maintained good, stronger liquidity ratio at strong level now, lower gearing ratio at below moderate level now, lower debt ratio and getting far from historical high, all collection/repayment period is good, MLM division momentum growth

First Support Price

2.11

Second Support Price

2.05

Risk Rating

MODERATE

Research House

JF Apex Target Price

2.34 (2012-06-29)

OSK Target Price

2.13 (2012-06-29)

Accounting Ratio

Return on Equity

15.90%

Dividend Yield

3.52%

Gross Profit Margin

0.00%

Operating Profit Margin

18.94%

Net Profit Margin

19.11%

Tax Rate

27.84%

Asset Turnover

0.8442

Net Asset Value Per Share

1.11

Net Tangible Asset per share

1.11

Price/Net Tangible Asset Per Share

1.87

Cash Per Share

0.56

Liquidity Current Ratio

3.8794

Liquidity Quick Ratio

3.0235

Liquidity Cash Ratio

2.5278

Gearing Debt to Equity Ratio

0.2358

Gearing Debt to Asset Ratio

0.1842

Working capital per thousand Ringgit sale

53.1%

Days to sell the inventory

72

Days to collect the receivables

33

Days to pay the payables

62

Technical Analysis

SMA 20

2.116 (Uptrend 6 days)

SMA 50

2.127 (Downtrend)

SMA 100

2.151 (Downtrend)

SMA 200

2.01 (Uptrend)

MACD (26d/12d)

0.012962 ( 0.002056 )

Signal (9)

0.005196 ( 0.001941 )

MACD Histogram

0.007766 (Bullish trend 22 days)

Bolinger Upper Band

2.203

Bolinger Lower Band

2.029

My notes based on 2012 quarter 4 report (number in '000):-
- Revenue and pbt mainly contributed by the MLM due to successful incentive trip promotions which generated higher sales from foundation garment products and additional sales from new members coupled with lower research expenditure incurred